Garment Mantra Lifestyle Ltd — Board Meeting, 09-04-2025: Board Meeting

Garment Mantra Lifestyle Limited has announced a board meeting to discuss the issuance of partly paid-up equity shares, amounting to a total of Rs. 4697.97 crore, through a rights issue. The company plans to offer 39,14,97,795 shares at an issue price of Rs. 1.20 each, with a rights entitlement ratio of 39 shares for every 20 fully paid shares held. The record date for eligibility is set for April 17, 2025. This capital raise aims to strengthen the company’s financial position and could enhance investor sentiment, as it demonstrates proactive management in addressing funding needs. Full details will be provided in the forthcoming Letter of Offer.